The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®)
Average customer rating: Not rated
    The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®)
    Maureen Burton , and Raymond Lombra
    Manufacturer: South-Western College Pub
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. Bank Management Bank Management
    2. Principles of Managerial Finance Brief (4th Edition) Principles of Managerial Finance Brief (4th Edition)
    3. Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics) Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics)
    4. Anderson's Business Law and The Legal Environment, Comprehensive Volume (Business Law and the Legal Environment) Anderson's Business Law and The Legal Environment, Comprehensive Volume (Business Law and the Legal Environment)
    5. Global Business Today Global Business Today

    Accessories:
    1. Study Guide for Burton/Lombra's Financial System and the Economy: Principles of Money and Banking, 4th Study Guide for Burton/Lombra's Financial System and the Economy: Principles of Money and Banking, 4th

    ASIN: 0324288816

    Book Description

    This text gives students a unique understanding of the dynamic and evolving nature of the financial system and how it is related to the aggregate economy. It emphasizes the effects of structural change, globalization, financial innovation, and technology on the financial environment. Its highly applied, roots-in-reality approach incorporates numerous real-world applications and Internet features to demonstrate the relevance of topics. The text is written in an informal, conversational style, avoiding complex models and high-level math, making it perfect for the typical business major who may or may not have a strong economics background.
    Money, the Financial System, and the Economy plus MyEconLab Student Access Kit (5th Edition) (Myeconlab)
    Average customer rating: 4 out of 5 stars
    • A well written text book
    • A mostly complete bridge across a chasm
    • nah don't buy it
    • Well written survey
    • Money, the Financail System, and the Economy
    Money, the Financial System, and the Economy plus MyEconLab Student Access Kit (5th Edition) (Myeconlab)
    R. Glenn Hubbard
    Manufacturer: Addison Wesley
    ProductGroup: Book
    Binding: Hardcover

    EconomicsEconomics | Business & Investing | Subjects | Books | Agricultural | Commercial Policy | Comparative | Consolidation & Merger | Cooperatives | Debt & Deficits | Development & Growth | Econometrics | Economic Conditions | Economic History | Economic Policy & Development | Exports & Imports | Free Enterprise | Inflation | International | Labor & Industrial Relations | Macroeconomics | Microeconomics | Money & Monetary Policy | Natural Resources | Privatization | Public Finance | Statistics | Sustainable Development | Theory | Unemployment | Urban & Regional
    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
    Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
    GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. Money, the Financial System, and the Economy Study Guide Money, the Financial System, and the Economy Study Guide
    2. Bank Management Bank Management
    3. The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®) The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®)
    4. Microeconomics Microeconomics
    5. Macroeconomics Macroeconomics

    ASIN: 032124639X

    Customer Reviews:

    4 out of 5 stars A well written text book.......2007-02-07

    This book is easy to read and explains the finacial markets and intermediaries well. I go to Ohio University and this is the primary text book for the class I am in, the chapters are relatively short and the questions are well laid out. We don't use the book enough for me to give it 5 stars.

    3 out of 5 stars A mostly complete bridge across a chasm.......2005-06-14

    In future editions it'd be helpful to have a stronger discussion of imperfect markets. Hubbard's neo-classicism is what made G W Bush pick him to lead the Council of Economic Advisors. But to get a more full picture of finance (especially on the international scale) one should read this side by side with Stiglitz's "Globalization and its Discontents".

    This is a great book for undergrads who are not economics majors - the market features are covered effectively, thoroughly, and without the jargon that characterizes most exchanges between seasoned economists.

    This is a decent book for undergrad econ majors, although by the time most of us get around to Money & Banking or Financial Economics, we've had intermediate macro and micro and are juniors looking forward to internships. Still, the presentation is not overly complex, and the assumption that the student is a beginner does indeed help for those who missed a full grasp of some of the finer points of theory.

    This is not a great book for grad students, although there really aren't any great books for grad students in financial econ. MBA students will focus more in detail on the derivative and futures markets, particularly in terms of pricing assets. MSF students have their modeling books. Econ students really have to turn to the journals to broaden their scope in terms of theory, and especially to find answers to the "What if's" of imperfect markets.

    Written by a grad student in Economics at the University of Missouri - St. Louis

    2 out of 5 stars nah don't buy it.......2002-12-12

    Please do yourself another favour this year by not buying this textbook. The writter had a difficult time explain the meaning of money and frequency confuse what he was wrtiing in chappeters.

    5 out of 5 stars Well written survey.......2000-03-09

    Having taken only a few basic econ courses in college I was looking for a book that would explain the workings of the fed in detail. My main interest is in trading. I found this book to be perfect. It was neither too simple nor too complex. Everything was cogently written and accessible to a layman. I found answers to all my questions and it's organized in a manner that chapters can be read independently of one another. It will serve as an excellent reference manual.

    5 out of 5 stars Money, the Financail System, and the Economy.......1999-09-02

    As a resource for undergraduate work, I found this text invaluable. If I had known of this work earlier in my academic career, it would have appeared in more of my research as a source. A must have for almost any general or specific economic study.
    Study Guide for Burton/Lombra's Financial System and the Economy: Principles of Money and Banking, 4th
    Average customer rating: 2 out of 5 stars
    • Many, many errors - proofread by a third grader
    Study Guide for Burton/Lombra's Financial System and the Economy: Principles of Money and Banking, 4th
    Maureen Burton , and Raymond Lombra
    Manufacturer: South-Western College Pub
    ProductGroup: Book
    Binding: Paperback

    Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®) The Financial System and the Economy: Principles of Money and Banking (with InfoTrac®)

    ASIN: 0324288840

    Book Description

    The study guide provides chapter outlines and review questions to reinforce learning. These features include Highlights in Detail, Terms and Concepts with definitions, Fill-in questions by topic, True/False, Multiple Choice, and Essay Questions, and Problems, all with answers at the end of each chapter. Answers to True/False and Essay Questions, and Problems include detailed explanations.

    Customer Reviews:

    2 out of 5 stars Many, many errors - proofread by a third grader.......2006-12-24

    The study guide itself is a pretty good concept, but there are so many errors (too many to even think about listing), that it is difficult to even follow, or to even be sure you are reading about the correct concept. If you absolutely NEED a study guide for the book, it's the only thing available, otherwise I wouldn't bother simply because it has so many errors.
    Money, the Financial System, and the Economy Study Guide
    Average customer rating: Not rated
      Money, the Financial System, and the Economy Study Guide
      Walter Schwarm , R. Glenn Hubbard , and Michael Redfearn
      Manufacturer: Pearson
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      FinanceFinance | Business & Investing | Subjects | Books | Banks & Banking | Corporate Finance | Foreign Exchange | Inflation | Interest
      GeneralGeneral | Education | Nonfiction | Subjects | Books
      GeneralGeneral | Education | Professional & Technical | Subjects | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics) Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics)
      2. Standard and Poor's Guide to Money and Investing (Standard & Poor) Standard and Poor's Guide to Money and Investing (Standard & Poor)
      3. Wall Street Journal Guide to Understanding Money and Investing (Wall Street Journal Guide to Understanding Money & Investing) Wall Street Journal Guide to Understanding Money and Investing (Wall Street Journal Guide to Understanding Money & Investing)

      ASIN: 0321237951
      Credit Reporting Systems and the International Economy
      Average customer rating: Not rated
        Credit Reporting Systems and the International Economy

        Manufacturer: The MIT Press
        ProductGroup: Book
        Binding: Hardcover

        Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
        Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
        Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
        GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
        GeneralGeneral | Business & Investing | Subjects | Books
        GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
        Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
        GeneralGeneral | International | Business & Investing | Subjects | Books
        Credit Ratings & RepairCredit Ratings & Repair | Personal Finance | Business & Investing | Subjects | Books
        GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
        GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
        All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
        ASIN: 0262134225

        Book Description

        Credit reporting is a critical part of the financial system in most developed economies but is often weak or absent in developing countries. It addresses a fundamental problem of credit markets: asymmetric information between borrowers and lenders that can lead to adverse selection and moral hazard. The heart of a credit report is the record it provides of an individual's or a firm's payment history, which enables lenders to evaluate credit risk more accurately and lower loan processing time and costs. Credit reports also strengthen borrower discipline, since nonpayment with one institution results in sanctions with others.

        This book provides the first comprehensive review of credit reporting systems worldwide and documents the rapid growth in the industry. It offers empirical and theoretical evidence of the impact of credit reporting on financial markets, using examples from both developed and developing economies. Credit reporting, it shows, significantly contributes to predicting default risk of potential borrowers, which promotes increased lending activity. The book also covers the role of public policy in the development of credit reporting initiatives, including the role of public credit registries managed by central banks; and the role of legal, regulatory, and institutional factors in supporting credit reporting.
        Study Guide to Accompany Money, the Financial System, and the Economy
        Average customer rating: Not rated
          Study Guide to Accompany Money, the Financial System, and the Economy
          Glenn Hubbard
          Manufacturer: Addison-Wesley
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
          Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
          FinanceFinance | Business & Investing | Subjects | Books | Banks & Banking | Corporate Finance | Foreign Exchange | Inflation | Interest
          GeneralGeneral | Business & Investing | Subjects | Books
          GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
          Similar Items:
          1. Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics) Money, the Financial System, and the Economy (6th Edition) (Adison-Wesley Series in Economics)

          ASIN: 0201721740
          Money and the Nation State: The Financial Revolution, Government, and the World Monetary System (Independent Studies in Political Economy)
          Average customer rating: 5 out of 5 stars
          • Priceless
          Money and the Nation State: The Financial Revolution, Government, and the World Monetary System (Independent Studies in Political Economy)

          Manufacturer: Transaction Publishers
          ProductGroup: Book
          Binding: Paperback

          Economic Policy & DevelopmentEconomic Policy & Development | Economics | Business & Investing | Subjects | Books
          Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
          Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
          GeneralGeneral | Business & Investing | Subjects | Books
          Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
          ASIN: 1560009306

          Customer Reviews:

          5 out of 5 stars Priceless.......2002-06-03

          This is a must-have book on the most important topic in the world, MONEY.

          All of Dowd's books are of key importance.
          Central Bank Autonomy: The Federal Reserve System in American Politics (Financial Sector of the American Economy)
          Average customer rating: Not rated
            Central Bank Autonomy: The Federal Reserve System in American Politics (Financial Sector of the American Economy)
            Kevin Corder
            Manufacturer: Routledge
            ProductGroup: Book
            Binding: Hardcover

            GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
            Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
            Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
            GeneralGeneral | Business & Investing | Subjects | Books
            Banks & BankingBanks & Banking | Industries & Professions | Business & Investing | Subjects | Books
            ASIN: 0815331975
            Custom Combination of Money, Financial System and the Economy 2/E and
            Average customer rating: Not rated
              Custom Combination of Money, Financial System and the Economy 2/E and
              Hubbard
              Manufacturer: Addison Wesley Longman
              ProductGroup: Book
              Binding: Paperback
              ASIN: 020134307X
              The Death of Money: How the Electronic Economy Has Destabilized the World's Markets and Created Financial Chaos
              Average customer rating: Not rated
                The Death of Money: How the Electronic Economy Has Destabilized the World's Markets and Created Financial Chaos
                Joel Kurtzman
                Manufacturer: Simon & Schuster
                ProductGroup: Book
                Binding: Hardcover

                GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                InternationalInternational | Economics | Business & Investing | Subjects | Books
                Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
                Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
                GeneralGeneral | Business & Investing | Subjects | Books
                ASIN: 0671687999

                Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility (Wiley Finance)
                Average customer rating: 3 out of 5 stars
                • Poorly explained
                • A very good introduction
                • A dated overview, with little real meat
                • Good overview, bad balance
                • Commit it to the flames
                Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility (Wiley Finance)
                Edgar E. Peters
                Manufacturer: Wiley
                ProductGroup: Book
                Binding: Hardcover

                GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
                GeneralGeneral | Business & Investing | Subjects | Books
                GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
                FuturesFutures | Investing | Business & Investing | Subjects | Books
                FractalsFractals | Algorithms | Programming | Computers & Internet | Subjects | Books
                GeneralGeneral | Accounting | Business | Software | Computers & Internet | Subjects | Books
                FractalsFractals | Pure Mathematics | Mathematics | Science | Subjects | Books
                Chaos & SystemsChaos & Systems | Mathematics | Professional Science | Professional & Technical | Subjects | Books
                GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
                GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
                GeneralGeneral | Accounting | Business & Finance | New & Used Textbooks | Stores | Books
                GeneralGeneral | Business & Finance | New & Used Textbooks | Stores | Books
                All Amazon UpgradeAll Amazon Upgrade | Amazon Upgrade | Stores | Books
                Business & InvestingBusiness & Investing | Amazon Upgrade | Stores | Books
                Computers & InternetComputers & Internet | Amazon Upgrade | Stores | Books
                Professional & TechnicalProfessional & Technical | Amazon Upgrade | Stores | Books
                ScienceScience | Amazon Upgrade | Stores | Books
                All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
                Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
                Computers & InternetComputers & Internet | Qualifying Textbooks - Fall 2007 | Stores | Books
                ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
                ScienceScience | Qualifying Textbooks - Fall 2007 | Stores | Books
                Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
                Look Inside Computer BooksLook Inside Computer Books | Trip | Specialty Stores | Books
                Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
                Look Inside Science BooksLook Inside Science Books | Trip | Specialty Stores | Books
                Similar Items:
                1. Fractal Market Analysis: Applying Chaos Theory to Investment and Economics Fractal Market Analysis: Applying Chaos Theory to Investment and Economics
                2. Complexity, Risk, and Financial Markets Complexity, Risk, and Financial Markets
                3. The (Mis) Behavior of Markets: A Fractal View of Risk, Ruin And Reward The (Mis) Behavior of Markets: A Fractal View of Risk, Ruin And Reward
                4. Fractals and Scaling In Finance Fractals and Scaling In Finance
                5. Why Stock Markets Crash: Critical Events in Complex Financial Systems Why Stock Markets Crash: Critical Events in Complex Financial Systems

                ASIN: 0471139386

                Book Description

                The latest developments in chaos theory - from an industry expert

                Chaos and Order in the Capital Markets was the first book to introduce and popularize chaos as it applies to finance. It has since become the classic source on the topic. This new edition is completely updated to include the latest ripples in chaos theory with new chapters that tie in today's hot innovations, such as fuzzy logic, neural nets, and artificial intelligence.

                Critical praise for Peters and the first edition of Chaos and Order in the Capital Markets

                "The bible of market chaologists." - BusinessWeek

                "Ed Peters has written a first-class summary suitable for any investment professional or skilled investor." - Technical Analysis of Stocks & Commodities

                "It ranks among the most provocative financial books of the past few years. Reading this book will provide a generous payback for the time and mental energy expended." - Financial Analysts Journal

                This second edition of Chaos and Order in the Capital Markets brings the topic completely up to date with timely examples from today's markets and descriptions of the latest wave of technology, including genetic algorithms, wavelets, and complexity theory.

                Chaos and Order in the Capital Markets was the very first book to explore and popularize chaos theory as it applies to finance. It has since become the industry standard, and is regarded as the definitive source to which analysts, investors, and traders turn for a comprehensive overview of chaos theory. Now, this invaluable reference - touted by BusinessWeek as "the bible of market chaologists" - has been updated and revised to bring you the latest developments in the field.

                Mainstream capital market theory is based on efficient market assumptions, even though the markets themselves exhibit characteristics that are symptomatic of nonlinear dynamic systems. As it explores - and validates - this nonlinear nature, Chaos and Order repudiates the "random walk" theory and econometrics. It shifts the focus away from the concept of efficient markets toward a more general view of the forces underlying the capital market system.

                Presenting new analytical techniques, as well as reexamining methods that have been in use for the past forty years, Chaos and Order offers a thorough examination of chaos theory and fractals as applied to investments and economics. This new edition includes timely examples from today's markets and descriptions of cutting-edge technologies-genetic algorithms, wavelets, complexity theory-and hot innovations, such as fuzzy logic and artificial intelligence.

                Beyond the history of current capital market theory, Chaos and Order covers the crucial characteristics of fractals, the analysis of fractal time series through rescaled range analysis (R/S), the specifics of fractal statistics, and the definition and analysis of chaotic systems. It offers an in-depth exploration of:
                * Random walks and efficient markets - the development of the efficient market hypothesis (EMH) and modern portfolio theory
                * The linear paradigm - why it has failed
                * Nonlinear dynamic systems - phase space, the Henon Map, Lyapunov exponents
                * Applying chaos and nonlinear methods - neural networks, genetic algorithms
                * Dynamical analysis of time series - reconstructing a phase space, the fractal dimension

                Tonis Vaga's Coherent Market Hypothesis - the theory of social imitation, control parameters, Vaga's implementations

                Plus, Chaos and Order now contains a Windows-compatible disk including data sets for running analyses described in the appendices.

                Written by a leading expert in the field, Chaos and Order in the Capital Markets has all the information you need for a complete, up-to-date look at chaos theory. This latest edition will undoubtedly prove to be as invaluable as the first.

                Customer Reviews:

                1 out of 5 stars Poorly explained.......2004-02-04

                I have a university maths degree and found the book very obvious and drawn out for the first few chapters. In spite of this I looked forward to what was going to be explained later. Suddenly from a very simple and easy to understand explanation on the EMH he starts to use mathematics in his equations that I had a lot of difficulty following. There was very little or no explanation of how these equations were arrived at and a lot of mathematics and statisics is assumed. This book does not apply the theory in ny meaningful way to the markets let alone the capital markets in my opinion. I found that I took very little away from this book and would not recommend it to anyone who has basic mathematics like myself or is looking for some deeper insight into the markets. I would hate to have Mr Peters as a teacher based on his book.

                5 out of 5 stars A very good introduction.......2004-02-01

                I read this book, the 1991 version, years ago. Around 1980 my own attempts to crack share prices statistically convinced me that all share prices behaved like a Gaussian random walk meaning that all speculation was comparable with playing roulette and I am not one of those guys who usually wins when gambling. This view was strengthened when the option pricing model came up, meaning that even the real pro's in the field assume that share prices are nothing but a random walk. This book has opened my eyes to the fact that there is much more to randomness than just the Gaussian curve. Share prices are not fully random. Impressive is the demonstration that an RS analysis on the real data is different when applying the same RS analysis on scrambled data. So there is information hidden in these time series, somewhere. Since then I have picked up the subject of cracking time series again with great pleasure. I think this book is exceptionally well written and without it I doubt if I would have been able to follow Mandelbrot's book "scaling and fractals in finance" that I bought later. The book is about understanding a subject, not about learning a simple formula to apply on a time series.

                2 out of 5 stars A dated overview, with little real meat.......2003-02-10

                The second edition of this book was published in 1996. The book
                seems to be largely based on Feder's 1988 book "Fractals". The
                dated nature of this book means that it is missing later work
                on long memory processes, which Peters estimates using the Hurst
                exponent.

                As one reviewer already noted, don't assume that this book will
                provide much in the way of useful equations. For anyone who wants
                more than an overview, this book is a disappointment. Peters does
                a poor job of explaining the equations and I did not find enough
                detail to implement the algorithms discussed (I turned to Feder's
                book and various journal articles). The book does come with a
                "floppy" disk containing the Visual Basic algorithms. This is
                a poor choice, since C is pretty much the lingua franca for
                algorithms.

                The various chaos and fractal techniques are applied to a handful
                of financial data sets, but this is far from even a solid
                suggestion that these techniques might be useful to anyone
                developing real market models.

                Some of the conclusions that Peters draws (cycles in financial
                data) do not seem to be supported the evidence he presents.

                In summary, if you are looking for something beyond an overview,
                save your money. Feder ("Fractals") has a better description of
                RS calculation. "A Non-Random Walk Down Wall Street" by Lo
                and MacKinlay has a chapeter on the application of the RS
                statistic and long-memory processes which is much better than
                Peters. For those who need to simulate fractal brownian motion
                (data sets with a particular Hurst exponent) "The Science of
                Fractal Images" by Barnsley et all is a good reference.

                4 out of 5 stars Good overview, bad balance.......2001-03-22

                If you're looking for a purely conceptual introduction to how chaos theory can be applied to financial markets, this book is as good a source as any. Peters's discussion of R/S statistics and the graphical examples drawn from the markets are clear and intuitive (Ch. 7-8). The key point demonstrating long-term memory effects in the market is well made.

                However he spends an inordinate amount of time attacking the foundations of the efficient market hypothesis (EMH) to the point of being boring, yet the argument boils down to "it has errors when compared to reality". Duh, so does every other theory, including fractal. The real issue is "for the error in theory A, how bad are the results X, and is theory B much better at it?" If you're not going to do that, don't spend 40 pages (Ch. 1-4) on it. This is misleading to those not familiar with EMH, and boring to those who are.

                Don't look to this book for good math. In my edition (1991), careless and erroneous notations abound. Also, the equations are written in BASIC notation which is notoriously hard to visualize, but this is probably the fault of the editor/publisher. Peters makes frequent and unannounced jumps between the apparent rigor of math and loose conjectures. The math is distracting to a qualitative reader, and the conjectures irritating to the quantitative one. Better to cater to one audience, and do it well.

                Still, I would recommend this book as a good conceptual introduction to the subject. But if you're planning to go deeper, use the equations in this book at your own perils. Go to the source.

                1 out of 5 stars Commit it to the flames.......2001-01-04

                For those of you intrigued by chaos versus the financial markets, I would suggest you get the basic knowledge in Garnett P. Williams "Chaos Theory Tamed" (if you don't mind being explained in the first twenty chapters things like the laws of exponents and logarithms), or the Devaney books, for people with some maths. By the time you finish these honest, carefully and painstakingly written books, you will have a fair understanding of what chaos theory is about, and you will also see that while it is interesting stuff, it is hard to imagine it having any practical relevance to finance, since finance is the realm of stochastic, not deterministic phenomena.

                Mr. Peters' readers will not have the chance of gaining such a perspective on chaos or on finance, alas. Mr. Peters hasn't produced a clear, comprehensible text, but rather a imprecise and frustrating piece, presumably written in a very short time, filled with a huge number of graphs having epsilon informational content. It is also full of conceptual mistakes - Mr. Peters most probably doesn't have a good grasp of what he's speaking about, but to be fair, it is hard to tell since the implicit message of the book is: "Hey, like I'm going to give out all my secrets...! Forget it, baby!", so the readers are never given all of the story. Readers therefore have to decide whether they believe that the author has found a meaningful and secret way to use chaos, that unfortunately will not be revealed, or whether the author should be put in the same category as those who write about Crystals or Financial Astrology.

                Can smart people make profit with chaos theory? Certainly! However, the only way to do so is by writing books about it...

                Profit which seems interesting, since Wiley accepted to publish a second product from Mr. Peters, thereby losing all credibility as an editor of financial books.
                Chaos Theory in the Financial Markets
                Average customer rating: 2 out of 5 stars
                • Gross misrepresentation
                • Don't waste your time.
                • worthless, overpriced
                • Compendium of Slide Projector Chapters
                • Excellent base for developing profitable market strategies.
                Chaos Theory in the Financial Markets
                Robert L. Trippi
                Manufacturer: McGraw-Hill
                ProductGroup: Book
                Binding: Hardcover

                GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                GeneralGeneral | Business & Investing | Subjects | Books
                GeneralGeneral | Investing | Business & Investing | Subjects | Books
                Chaos & SystemsChaos & Systems | Physics | Science | Subjects | Books
                FractalsFractals | Pure Mathematics | Mathematics | Science | Subjects | Books
                Chaos & SystemsChaos & Systems | Mathematics | Professional Science | Professional & Technical | Subjects | Books
                GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
                Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
                Look Inside Science BooksLook Inside Science Books | Trip | Specialty Stores | Books
                ASIN: 1557385556

                Book Description

                Chaos theory is a revolutionary approach to understanding and forecasting the behavior of complex systems. The theory, which utilizes nonlinear mathematics to identify the underlying rules of evolving systems, provides extraordinary insights into the dynamics of the financial markets. In so doing, Dr. Chorafas explores a variety of new approaches that provide an entirely new perspective on financial market analysis and forecasting. Topics include: the concepts and mathematics of chaos theory; using nonlinear equations and fractals to forecast the currency market; genetic algorithms and neural networks.

                Customer Reviews:

                1 out of 5 stars Gross misrepresentation.......2005-03-08

                This book is not by Robert L. Trippi. There may be no Robert L. Trippi, but there is a Robert R. Trippi, and he did not write this book. The book in fact is by one Dimitris N. Chorafas. The book is listed as being published by Macmillan. The actual publishing house is Irwin Professional Press. The book, when it arrives, does not have the advertised 400 pages, but rather 374. The index ends abruptly at that point with Dawkins. It is impossible to say what is going on here, but it is not good. The book itself, as I glanced through it, appears to be insultingly simple-minded and probably misguided. By all means save your time, your money, and your anger.

                1 out of 5 stars Don't waste your time........2000-05-01

                A much better title for this book would have been "Interesting Financial Concepts That Hopefully Some Other Book Will Teach You"

                As an engineer, I saw this as a very shallow treatment of Chaos Theory that will do NOTHING for those who actually wish to apply it to financial markets. Chapter after chapter poses questions to the reader but fails do deliver the answers. One can only assume that the few diagrams and examples presented are not explained because the author just does not fully understand them.

                The reviewer who claims that the book was a good starting point may have been partially right. It asks so many questions that now I must find a text with at least one or two answers.

                1 out of 5 stars worthless, overpriced.......2000-04-04

                Although math is mentioned in the desciption, you won't find any in this book. This book is written for junior high school economics students who have never heard the terms chaos or fuzzy logic before. With a background in non-linear dynamics, I found this text insulting for its price. Application of the current trendy concepts to any market whatsoever was completely lacking. It is essentially a 300+ page version of Webster's dictionary definition of chaos. For the amount of information present in this book, it should be priced in the five to ten dollar range.

                1 out of 5 stars Compendium of Slide Projector Chapters.......1999-12-02

                Something of a disappointment. There is almost nothing of a truly technical nature. A lot of chalk board drawings but nothing you can feed to a computer to test any ideas. It would have been worth the price if it had included a few real world models, perhaps implemented as spreadsheets. Otherwise, it's just a b-r-o-a-d overview.

                5 out of 5 stars Excellent base for developing profitable market strategies........1999-06-02

                Apparently a book's value is in the eyes of the beholder. The Oregonian writer of the negative comments about the Chorafas book reached a far different conclusion than I did. I think that person must have been looking for an elementary cookbook that would make him rich by following a few simple rules and not having any work to do. Personally, the Chorafas book was exactly the launching point I needed, and I used my engineering background to develop Chorafas' concepts and apply them directly to the stock market, and I am making a lot of money.
                Chaos & Nonlinear Dynamics in the Financial Markets: Theory, Evidence and Applications/Book and Disk
                Average customer rating: 5 out of 5 stars
                • A bible for the nonlinear traders
                Chaos & Nonlinear Dynamics in the Financial Markets: Theory, Evidence and Applications/Book and Disk

                Manufacturer: Irwin Professional Publishing
                ProductGroup: Book
                Binding: Hardcover

                GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
                FinanceFinance | Business & Investing | Subjects | Books | Banks & Banking | Corporate Finance | Foreign Exchange | Inflation | Interest
                GeneralGeneral | Business & Investing | Subjects | Books
                GeneralGeneral | Investing | Business & Investing | Subjects | Books
                GeneralGeneral | Applied | Mathematics | Science | Subjects | Books
                Chaos & SystemsChaos & Systems | Mathematics | Professional Science | Professional & Technical | Subjects | Books
                ASIN: 1557388571

                Book Description

                Chaos & Nonlinear Dynamics in the Financial Markets explores both theory and empirical results related to non-linear determinism in the dynamics of asset prices. It includes a wealth of material on the properties of chaotic processes relevant to markets, along with statistical and other tests which have been developed specifically to detect the presence of chaotic behavior. This authoritative guide covers a comprehensive range of issues associated with chaos theory. It includes sections on theoretical foundations; evidence of chaos in the stock market, commodities markets, and money markets; and a section on advanced methodological issues. You'll also find included Chaos Explorer, a complimentary software package that graphically illustrates the chaotic processes that are referenced throughout the book.

                Customer Reviews:

                5 out of 5 stars A bible for the nonlinear traders.......2000-07-07

                First of all, this book is only a collection of journal papers. However, all of the chapters provide the complete understanding of the new science - chaos theory and its underlying assumption of nonlinearity. In my opinion, this book is the bible for anyone who want to study on this area.
                Chaos theory in financial markets: Overview and annotated bibliography (CRS report for Congress)
                Average customer rating: Not rated
                  Chaos theory in financial markets: Overview and annotated bibliography (CRS report for Congress)
                  Kevin F Winch
                  Manufacturer: Congressional Research Service, Library of Congress
                  ProductGroup: Book
                  Binding: Unknown Binding

                  GeneralGeneral | Investing | Business & Investing | Subjects | Books
                  StocksStocks | Investing | Business & Investing | Subjects | Books
                  ASIN: B0006QK152
                  Chaos Theory in the Financial Markets: Applying Fractals, Fuzzy Logic, Genetic Algorithms, Swarm Simulation & the Monte Carlo Method To Manage Market
                  Average customer rating: Not rated
                    Chaos Theory in the Financial Markets: Applying Fractals, Fuzzy Logic, Genetic Algorithms, Swarm Simulation & the Monte Carlo Method To Manage Market
                    Ditmitris N. Chorafas
                    Manufacturer: McGraw-Hill Companies
                    ProductGroup: Book
                    Binding: Hardcover

                    FractalsFractals | Pure Mathematics | Mathematics | Science | Subjects | Books
                    ASIN: B000N6AVDW

                    Books:

                    1. The Kung Fu Book of Caine: The Complete Guide to Tv's First Mystical Eastern Western
                    2. The Legend of Banzai Maguire (2176 Series, Book 1)
                    3. The "Lord of the Rings" Location Guidebook
                    4. The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns
                    5. The Physics of Star Trek
                    6. The Statistical Mechanics of Financial Markets (Texts and Monographs in Physics)
                    7. The Street Kid's Guide to Having It All
                    8. The Television Companion: The Unofficial and Unauthorised Guide to Doctor Who (Dr Who Telos)
                    9. The Watcher's Guide, Volume 2 (Buffy the Vampire Slayer)
                    10. These are the Voyages: A Three-Dimensional Star Trek Album

                    Books Index

                    Books Home

                    Recommended Books

                    1. Living Large in Small Spaces: Expressing Personal Style in 100 to 1,000 Square Feet
                    2. Deja Review: USMLE Step 2 Essentials
                    3. The Japanese Home Stylebook: Architectural Details and Motifs
                    4. Water and Wastewater Calculations Manual
                    5. A Field Guide to American Houses
                    6. College Accounting: A Practical Approach Chapters 1-12 with Study Guide and Working Papers
                    7. Authorized Personnel Only
                    8. Bridges: Three Thousand Years of Defying Nature
                    9. The New York Apartment Houses of Rosario Candela and James Carpenter
                    10. Elephants : Gentle Giants of Africa and Asia